NSJ) announces expansion of gold-copper-iron mineralization at Golden Hills, Arizona, United States
Vancouver, British Columbia – July 19, 2021 (Newsfile Corp.) (Investorideas.com Newswire) NSJ Gold Corp. (CSE: NSJ) (FSE: 9PZ) (“NSJ” or the “Company”) announces full assay results from the recent drilling program and future plans for its Golden Hills project located in Arizona, United States. The program targeted north-northwest trending geophysical anomalies and consisted of 16 holes (see press release dated May 26, 2021). The results of the analyzes for all holes are complete and a summary of the analyzes is presented below.
In total, the drill program intersected 335 feet (102 meters) on average above 0.4 grams per tonne Au, 695 feet (212 meters) on average above 0.1% Cu and 680 feet ( 207 meters) averaging above 20% Fe. Geophysics has defined large zones of specular hematite that are related to major pre-mineral alteration zones, but did not identify any gold bearing structures. / copper or bedded mineralization. Future drilling should incorporate hole fencing through the hematite bodies which will allow much better definition of the gold / copper zones.
All the results of the recent drilling program and geophysics will be used to plan the next phase. Holes will be planned to extend and confirm previous high grade gold hits, including twinning of previous holes. Some holes will be drilled at a 45 degree angle to the east through previously intersected high grade zones with drilling to the west to help define the angle and thickness of the high grade structures. Drill hole fences are planned to extend existing mineralization with a resource report generated after the next round of drilling. Metallurgical tests of the hematite are also planned to see how the iron content can be improved. Drilling tests of the intrusive target, located north of the current drill hole, are planned after completion of a district-wide airborne geophysical survey.
Richard Kern, Chartered Professional Geologist, a Qualified Person as defined in Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this press release. Mr. Kern is not independent of the Company as he is Vice President of Exploration of NSJ Gold Corp.
Marketing and Investor Relations (“IR”) Agreement
NSJ announces that it has entered into an IR marketing and consulting agreement with Michael Türk Finanzdienstleistung for a period of 6 months from July 19, 2021 to January 18, 2022. NSJ will pay CAD $ 70,000 due upon signing of the agreement. Michael Türk Finanzdienstleistung, located at Abensblick 15a, 93354 Siegenburg, Germany, E-mail: [email protected] Phone: +49 151 18998662, is a financial communications company that provides IR marketing and advisory services to listed companies in stock Exchange. They use their own media platforms for marketing and investor relations and other German marketing websites and sites.
About NSJ Gold Corp.
NSJ has an option to acquire a 100% interest in the Golden Hills Project (the “Property”) in Arizona, United States, subject to a 3% royalty on net smelter returns. The property is located 100 miles west of the Kay Mine (owned by Arizona Metals Corp.) and 80 miles south of the Moss mine (owned by Northern Vertex Mining Corp.). The property consists of 7 patented claims and 114 unpatented mining claims covering a total of 2,370 acres (9.6 km2). The NSJ management team has extensive experience in financing, exploration, development and mining.
On behalf of the board of directors
Jag Sandhu, CEO and Chairman 778-218-9638
The information contained in this press release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions which are subject to significant risks and uncertainties. As a result of these risks and uncertainties and due to various factors, actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although NSJ believes that the expectations reflected in forward-looking statements are reasonable, it cannot guarantee that the expectations of any forward-looking statement
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